Sentence examples for fiscal tools from inspiring English sources
And they do not want their governments to renounce all fiscal tools for fighting recessions.
We have moved into an era where the White House and Congress have no fiscal tools available to move this $10.5 trillion economy very quickly.
But no longer is the option of countering a downturn with fiscal tools confined to rich countries.But should that option be exercised?
Officials in the Obama administration also seem to agree that after the $787 billion stimulus last year and the $858 billion tax-cut compromise just approved by Congress, the government's arsenal of fiscal tools has just about been used up.
Professor Lawrence Summers and former New York Mayor Michael Bloomberg announce a new task force to identify underused fiscal tools to mitigate health and economic burdens of non-communicable diseases (NCDs) in low and moderate income countries.
Addressed at the triple crunch of the credit crisis, high oil prices and global warming, the plan is to rein in reckless financial institutions and use a range of fiscal tools, new measures and reforms to the tax system, such as a windfall tax on oil companies.
These studies point toward tax policy as the best fiscal tool to combat recession, particularly tax changes that influence incentives to invest, like an investment tax credit.
Fortunately, there is a powerful fiscal tool that could address both problems: Congress could grant workers a temporary holiday from the forced savings program known as Social Security.
"Turning Medicaid into a block-grant program would have distributional consequences for enrollees, threaten state budgets, and eliminate an important countercyclical fiscal tool.
But states still face short-term challenges and enormous long-term liabilities, and Standard & Poor's cautioned last week that "compared to when the recession began, state and local governments have fewer tools in their fiscal tool boxes".
During the American Civil War, the Union also chose to treat currency as a fiscal tool by issuing its own "Greenbacks" and by requiring newly-authorized national banks to back their notes with its bonds.
